Dovestone Solutions Limited 14162699 false 2022-06-09 2023-06-30 2023-06-30 The principal activity of the company is that of other retail. Digita Accounts Production Advanced 6.30.9574.0 true true 14162699 2022-06-09 2023-06-30 14162699 2023-06-30 14162699 core:RetainedEarningsAccumulatedLosses 2023-06-30 14162699 core:ShareCapital 2023-06-30 14162699 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 14162699 bus:SmallEntities 2022-06-09 2023-06-30 14162699 bus:AuditExemptWithAccountantsReport 2022-06-09 2023-06-30 14162699 bus:FullAccounts 2022-06-09 2023-06-30 14162699 bus:SmallCompaniesRegimeForAccounts 2022-06-09 2023-06-30 14162699 bus:RegisteredOffice 2022-06-09 2023-06-30 14162699 bus:Director1 2022-06-09 2023-06-30 14162699 bus:PrivateLimitedCompanyLtd 2022-06-09 2023-06-30 14162699 countries:England 2022-06-09 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 14162699

Dovestone Solutions Limited

Annual Report and Unaudited Filleted Financial Statements

for the Period from 9 June 2022 to 30 June 2023

 

Dovestone Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Dovestone Solutions Limited

Company Information

Director

P Simpson

Registered office

15 Boscobel Road
St Leonards On Sea
East Sussex
TN38 0LU

Accountants

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

 

Dovestone Solutions Limited

(Registration number: 14162699)
Balance Sheet as at 30 June 2023

Note

2023
£

Current assets

 

Stocks

4

1,575

Cash at bank and in hand

 

2,498

 

4,073

Creditors: Amounts falling due within one year

5

(6,049)

Net liabilities

 

(1,976)

Capital and reserves

 

Called up share capital

1

Retained earnings

(1,977)

Shareholders' deficit

 

(1,976)

For the financial period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 February 2024
 

.........................................
P Simpson
Director

 

Dovestone Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 9 June 2022 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
15 Boscobel Road
St Leonards On Sea
East Sussex
TN38 0LU
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Dovestone Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 9 June 2022 to 30 June 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Stocks

2023
£

Finished goods and goods for resale

1,015

Other inventories

560

1,575

5

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Accruals and deferred income

720

Director loan account

5,329

6,049